Global Interactive Technologies, Inc.: appoints Amy Shi as executive chair

What happened

• The company reported that its board appointed Amy Shi as Executive Chair of the Board, effective Oct 15, 2026. Ms. Shi, age 45, has served as a director since Dec 2024 and has over 20 years of experience across banking, investment management, international trade, media, and technology.
• The filing states Ms. Shi entered into an Executive Chair Service Agreement (ECS Agreement) and an Indemnification Agreement, both effective Oct 15, 2026.

Key details

• Term: initial term of 1 year, automatically renewing for successive 1-year periods unless Ms. Shi or the company gives 60 days’ written notice of nonrenewal.
• Cash compensation: $10,000 per month ($120,000 annually), to be reviewed 6 months after the effective date and increasing to $20,000 per month ($240,000 annually) on the first anniversary (or earlier if approved). Ms. Shi agreed to defer specified cash compensation until the company’s next financing; unpaid balances remain owed.
• Equity and additional payments: an annual equity compensation component with a reference amount of $250,000; initial equity award to be fully vested upon lawful grant, subject to approvals and plan capacity (undelivered portion may convert to a cash entitlement if not implementable). Ms. Shi will receive $75,000 for executive services from Jul 1, 2025 through Sep 30, 2026 and $5,000 per month prorated for Oct 1, 2026 through the day before the effective date. All unpaid ordinary director compensation through the day before the effective date remains payable.
• Separation benefits and indemnification: if terminated without Cause or resigns for Good Reason, Ms. Shi is entitled to 12 months of then-current base cash compensation paid in 12 monthly installments beginning 30 days after separation, and acceleration of remaining service conditions on any subsequent annual equity award to the extent lawfully permitted. The Indemnification Agreement covers past, present, and future service in various capacities.

Why it may matter

• This report was filed under Item 5.02 and therefore discloses the appointment of an executive officer/director and the related compensation and indemnification arrangements.

This filing does not show why the insider traded or why the company acted.